Essex Tapped To Sell 55-Unit Trophy Oak Park Multifamily Asset

August 17, 2021

Chicago-based multifamily brokerage firm Essex Realty Group, Inc. has been selected to exclusively market for sale 1116 Washington Boulevard, a stately 55-unit courtyard building located in the vibrant Cook County suburb of Oak Park. The team of Doug Imber, Kate Varde, Jaimie Steinher and Dan Shepherd are representing the seller, a local investor, in this transaction. 1116 Washington Boulevard is currently listed at $7,500,000.

The property is located on the north side of Washington Boulevard, just east of Harlem Avenue. The unit mix is comprised of studio, one- and two-bedroom floorplans. Renovated between 2015 and 2016, the apartments have hardwood flooring, stainless steel appliances, granite countertops, espresso kitchen cabinets and new bathroom vanities. Laundry facilities are located on-site. The property is conveniently located approximately 0.18 miles south of the Harlem/Lake Green line CTA Station and Oak Park UP-W Metra Station providing quick and easy access to downtown Chicago.

Located on a beautiful tree-lined street, the property benefits from close proximity to public transportation and recent interior renovations and exterior capital improvements. An investor has the rare opportunity to purchase a beautiful courtyard building that has been diligently maintained in one of Chicago’s most popular suburbs.

Since 1990, Essex Realty Group, Inc. has served Chicago's investment real estate market as a top multifamily brokerage firm. Contact us today to learn more about our recent multifamily and mixed-use property sales, or click HERE.

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